Kuro Coal Clarification Announcement - Elan Project
Sydney, April 16, 2015 AEST (ABN Newswire) - Kuro Coal Limited ("Kuro" or the "Company") advises that, pursuant to an ASX Announcement released on 11 December 2014 via the ASX platform under the ticker code "ATU", the Company is required to issue a clarification notice in relation to certain disclosures made in the announcement in reference to the JORC Code and the ASX Listing Rules.
In the ASX announcement dated 11 December 2014 and titled "Major Coal Intersections at Elan Coking Coal Project", the Company included the drilling results that related to the field exploration program at the Elan Coking Coal Project ("Elan").
Pursuant to ASX Listing Rule 5.7.2, the Company was required to include the relevant information pertaining to all drill holes that were referenced in the ASX announcement dated 11 December 2014. Accordingly, this has been included as Appendix A to this clarification notice.
To view the relevant information, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ATU-716011.pdf
About Atrum Coal Limited
Atrum Coal Limited (ASX:ATU) is a metallurgical coal developer. The Company flagship asset is the 100%-owned Elan Hard Coking Coal Project in southern Alberta, Canada. Elan hosts large-scale, shallow, thick, hard coking coal (HCC) deposits with a current JORC Resource Estimate of 298 Mt (70 Mt Indicated and 228 Mt Inferred). Comprehensive quality testing of Elan South coal on samples from the 2018 exploration program, combined with review of substantial historical testwork data for the broader Elan Project, has confirmed Tier 1 HCC quality.
The initial focus for development is the Elan South area, which is located approximately 13 km from an existing rail line with significant excess capacity, providing direct rail access to export terminals in Vancouver and Prince Rupert. Elan South shares its southern boundary with Riversdale Resources Grassy Mountain Project, which is in the final permitting stage for a 4.5 Mtpa open-cut HCC operation. Around 30km to the west, Teck Resources operates five mines (the Elk Valley complex) producing approximately 25 Mtpa of premium HCC for the seaborne market.
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